Report from HousingWire that the 30 year fixed rate mortgage average is down to 3.94%.
The average rate for a conventional 30-year, fixed-rate mortgage dropped below 4% for the first time in history amid increasing global concerns, according to Freddie Mac.
Today’s rates from Edina Realty nudged up a bit from yesterday, I suspect these will dip back down.
Today’s Mortgage Rates
The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us
as of 10/06/2011 09:35 AM Central
Product Interest Rate APR Conforming1 and FHA1 Loans 30-Year Fixed 4.125% 4.308% 30-Year Fixed FHA 3.750% 4.550% 15-Year Fixed 3.250% 3.566% 7-Year ARM 2.875% 3.180% 5-Year ARM FHA 2.750% 2.908% Jumbo1 Loans – Amounts that exceed conforming loan limits1 30-Year Fixed 4.375% 4.518%
- 30-Year Mortgage Rate Plunges To Record Low 3.94% (businessinsider.com)
- 30-year mortgage below 4% for the first time (marketwatch.com)
- Mortgage Rates Get That 3-Handle! (blogs.wsj.com)
- Mortgage Rates Fall Below 4% (blogs.wsj.com)